Business
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into…
Tag
Tax
News
China’s oil teapots rocked by tax rules that threaten closures
CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the…
Business
I.R.S. Fires 6,700 Employees Ahead of Tax Filing Season
The Trump administration started firing about 6,700 employees at the Internal Revenue Service on Thursday, according to people familiar…
Business
Budget 2025: Income tax concessions, GST remission for S-Reits extended for 5 years
INCOME tax concessions as well as goods and services tax (GST) remission for Singapore-listed real estate investment trusts (S-Reits) will…
Business
Budget 2025: Tax incentives to beef up equities market could have ‘limited impact’, say industry experts
The government will introduce three tax incentives targeting corporate listings, fund manager listings and fund managers’ qualifying…
News
Elon Musk’s DOGE Wants to Seize Your Private Tax Data
Elon Musk and DOGE are trying to get their hands on some of the most sensitive information the Internal Revenue Service has to offer: data…
Business
Tax incentives proposed by MAS review group not a ‘silver bullet’, say experts
TAX deductions and lower corporate tax rates may be among the incentives that the MAS equities market review groupconsiders as part of…
Politics
Republicans confront difficult Medicaid choices in search of savings to help pay for tax cuts
Congressional Republicans are targeting Medicaid, the government health insurance program for low-income Americans, for hundreds of…
News
IRS will lay off thousands of probationary workers in the middle of tax season
The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency's…
Business
Prominent Cryptocurrency Investor Faces Senate Tax Inquiry
A Senate committee is investigating whether a prominent cryptocurrency investor violated federal tax law to save hundreds of millions of…
News
Woman Pleads Guilty in Covid Tax Credit Scheme That Netted $33 Million
Some people binge-watched shows during the Covid pandemic. Others picked up pickleball. But according to federal prosecutors, one Las…
Business
Italy investigates Amazon over alleged 1.2 billion euro tax evasion
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros…
Politics
What to Know About VAT, the Tax System Used in Europe That Trump Despises
President Trump on Thursday ordered his advisers to determine new tariff rates on America’s trading partners, a move that he said would…
Business
MAS review group proposes tax perks to boost Singapore’s equities market; more details on Feb 21
THE Monetary Authority of Singapore’s (MAS) equities market review group proposes to introduce tax incentives to spur more listings and…
Business
MAS review group proposes tax perks to boost Singapore’s equities market as a start
THE Monetary Authority of Singapore’s (MAS) equities market review group proposes to introduce tax incentives to spur more listings and…
Politics
Senate Budget panel Republicans defend plan to move on border, defense funding ahead of tax cuts
Senate Republicans on Wednesday began consideration of their budget blueprint that sets instructions for forthcoming legislation featuring…
Politics
House Freedom Caucus throws a wrench into GOP tax plan
House Freedom Caucus Chair Andy Harris, a Maryland Republican, announced Tuesday that the group will introduce its own tax plan this week,…
Politics
Speaker Johnson says tax cuts will be offset with spending cuts
House Speaker Mike Johnson said Sunday that Republicans will find spending cuts to offset President Trump's push for tax cuts, which a…
Business
Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again
We’ve got a whirlwind of news out of Washington — the carried interest tax exemption in the cross hairs, the latest on DOGE and an update…
Business
Kia contests US$14 million India tax demand for wrongly using trade treaty exemptions
Tax investigations in India can drag on for years and are often a sore point for foreign companies KIA on Friday (Feb 7) said it is…
News
Attention Must Be Paid: The Tax Cuts and Jobs Act Is Set to Expire
Expiring provisions promise tax hikes if not extended. Source link
Politics
House Republican wants to eliminate double tax on Social Security benefits
Rep. Thomas Massie reintroduced legislation on Thursday that would nix an additional tax on retirement benefits. Source link
Business
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6)…
Politics
Opinion: Trump wants to extend the 2017 tax cuts. Here's how that would affect regular Americans
The tax cuts enacted under the first Trump administration largely expire at the end of 2025. President Trump and his fellow Republicans…